Goodwill from buying a business
Varies
Can You Write Off Goodwill From Buying a Business?
Short answer: Goodwill and customer lists acquired in an asset purchase are amortized over 15 years.
Goodwill you build yourself isn't deductible.
Records to keep: Keep receipts or invoices, proof of payment, and a note of the business purpose for each expense.
BW-B23-00681
medium risk
Goodwill from buying a business
Varies
General Business
Equipment & Gear
Tax Write-Off Rules
Goodwill and customer lists acquired in an asset purchase are amortized over 15 years.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Goodwill and customer lists acquired in an asset purchase are amortized over 15 years. Goodwill you build yourself isn't deductible.
Category
- Tax Write-Off Rules
tax rule
search demand 2026 b23
business taxes
depreciation credits